Regions Midatlantic | Washington, DC
Hyatt Hotel in Dulles Changes Hands to the Tune of $78M
June 12, 2008
Source: Washington Business Journal

The Annapolis, Md.-based Thayer Lodging Group has purchased the Hyatt Hotel Washington Dulles International Airport from Ashford Hospitality Trust at a sale price of $78 million. The recently renovated 316-suite property marks Thayer's first Hyatt brand purchase.

In 2005, the Hyatt underwent a $5 million renovation and was purchased by Dallas-based Ashford for $72.5 million from then-owner Dulles Airport Hotel LLC. Ashford is currently selling as much as $2 billion worth of its hotel stock, according to the Washington Business Journal.

 
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